USA Mega
Home of Mega Millions and Powerball, the USA's biggest multi-state lottery games.
Marketplace

Powerball Annuity Jackpot Analysis for Iowa

Media: You may freely use any information on this page, but you must credit www.usamega.com.

The Powerball annuity jackpot is awarded according to an increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $153,000,000 would be for a resident of Iowa, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money.  (For example, if the winner gave all their fortune to charity, they may actually end up getting money back that was initially withheld, whereas someone who buys a new mansion and a fleet of new cars would probably end up owing more taxes than shown.)

State:

Iowa

Drawing Date:  Sat, Jan 21, 2017
Jackpot:$153,000,000
Federal Tax:  25%
State Tax:5.00%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,302,870$575,717$115,143$1,612,009
2$2,418,013$604,503$120,901$1,692,609
3$2,538,914$634,728$126,946$1,777,240
4$2,665,859$666,465$133,293$1,866,102
5$2,799,152$699,788$139,958$1,959,407
6$2,939,110$734,777$146,955$2,057,377
7$3,086,066$771,516$154,303$2,160,246
8$3,240,369$810,092$162,018$2,268,258
9$3,402,387$850,597$170,119$2,381,671
10$3,572,507$893,127$178,625$2,500,755
11$3,751,132$937,783$187,557$2,625,792
12$3,938,688$984,672$196,934$2,757,082
13$4,135,623$1,033,906$206,781$2,894,936
14$4,342,404$1,085,601$217,120$3,039,683
15$4,559,524$1,139,881$227,976$3,191,667
16$4,787,501$1,196,875$239,375$3,351,250
17$5,026,875$1,256,719$251,344$3,518,813
18$5,278,219$1,319,555$263,911$3,694,753
19$5,542,130$1,385,533$277,107$3,879,491
20$5,819,237$1,454,809$290,962$4,073,466
21$6,110,199$1,527,550$305,510$4,277,139
22$6,415,708$1,603,927$320,785$4,490,996
23$6,736,494$1,684,123$336,825$4,715,546
24$7,073,319$1,768,330$353,666$4,951,323
25$7,426,984$1,856,746$371,349$5,198,889
26$7,798,334$1,949,583$389,917$5,458,834
27$8,188,250$2,047,063$409,413$5,731,775
28$8,597,663$2,149,416$429,883$6,018,364
29$9,027,546$2,256,887$451,377$6,319,282
30$9,478,923$2,369,731$473,946$6,635,246
Total$153,000,000$38,250,000$7,650,000$107,100,000
<( Back )Powerball Jackpot Analysis
(Current Drawing)
Top ^



Accuracy Statement  |  Advertise  |  Privacy Policy  |  Site Map  |  Terms of Use
Copyright © 1999-2017 Speednet Group.  All rights reserved.